Havila Shipping (HAVI)

TekBot · november 12, 2018, 7:41am

Havila Shipping ASA: Contract with Equinor UK for the PSV Havila Borg

Havila Shipping has entered into a charter contract for approximately 4 months with Equinor UK for the PSV Havila Borg.

For additional information please contact:

CEO Njål Sævik, +47 909 35 722
CFO Arne Johan Dale, +47 909 87 706

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Havila Shipping ASA via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20181112.GlobeNewswire.HUG2225151

TekBot · november 20, 2018, 7:29am

20/11-2018 08:28:04: (HAVI, HAVI06, HAVI-07, HAVI04, HAVI08-PRO) Havila Shipping ASA: Early redelivery of PSV vessel Havila Clipper

…

Vis børsmeldingen

With reference to Stock Exchange release 17.07.18 regarding contract for the PSV Havila Clipper.

Total DK has redelivered the vessel and Havila Clipper is marked for term contracts and will short term be traded in the spot market.

Contacts:

CEO Njål Sævik, +47 909 35 722

CFO Arne Johan Dale, +47 909 87 706

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Havila Shipping ASA via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20181120.GlobeNewswire.HUG2226303

TekBot · november 29, 2018, 3:31pm

29/11-2018 16:30:00: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Regnskap for tredje kvartal 2018

…

Vis børsmeldingen

Sammendrag

Havila Shipping ASA hadde et resultat før avskrivninger på NOK 45,8 million i 3. kvartal 2018, mot NOK 39,0 million i 3. kvartal 2017.

Totale inntekter var NOK 167,7 million i 3. kvartal 2018, mot NOK 176,7 million i 3. kvartal 2017.

Rederiet hadde pr. 30.09.18 23 fartøy som opereres fra Fosnavåg hvorav seks for eksterne eiere.

Konsernet hadde tre AHTS fartøy i opplag ved utgangen av 3. kvartal 2018.

Av de tre PSV-ene som var definert utenfor kjernevirksomhet ble to solgt i mars 2018, og en i august 2018.

Flåteutnyttelsen i 3. kvartal 2018 var på 90 % eksklusiv fartøy i opplag.

Resultat for 3. kvartal 2018

Totale inntekter var NOK 167,7 million (NOK 176,7 million).

Totale driftskostnader var på NOK 121,9 million (NOK 137,7 million).

Driftsresultat før avskrivninger ble NOK 45,8 million (NOK 39,0 million).

Avskrivninger var NOK 93,7 million (NOK 83,3 million).

Netto finansposter var NOK -42,1 million (NOK -14,0 million), hvorav urealisert agio tap var NOK -3,2 million (urealisert agio gevinst NOK 24,4 million).

Resultat før skatt ble NOK -91,8 million (NOK -56,8 million).

Resultat hittil i år 2018

Totale inntekter var NOK 447,5 million (NOK 455,9 million).

Totale driftskostnader var på NOK 339,8 million (NOK 385,2 million).

Driftsresultat før avskrivninger ble NOK 107,7 million (NOK 70,7 million).

Avskrivninger var NOK 275,3 million (NOK 249,8 million).

Netto finansposter var NOK -131,4 million (NOK 1 080,8 million) hvorav urealisert agio tap var NOK 0,5 million (urealisert agiogevinst NOK 65,8 million).

Resultat før skatt ble NOK -305,4 million (NOK 906,5 million).

Balanse og likviditet pr 30.09.18

Bokført verdi på flåten er NOK 3 992,1 million.

Sum omløpsmidler var NOK 351,9 million pr. 30.09.18, hvorav bankbeholdning utgjorde NOK 86,5 million (herav NOK 1,1 million bundne). Pr. 30.09.17 var sum omløpsmidler NOK 627,6 million, hvorav bankbeholdning utgjorde NOK 304,6 million (hvorav NOK 6,4 million bundne).

Netto kontantstrøm fra drift var hittil i år NOK -49,5 million (NOK -175,0 million). Kontantstrøm fra investerings-aktiviteter var NOK -40,3 million (NOK -25,1 million). Opptak av konvertible aksjonærlån, netto emisjon, tilbakebetaling av lån og betaling av avdrag utgjør nettoendring fra finansieringsaktiviteter på NOK -70,2 million (NOK -91,0 million).

Total rentebærende gjeld pr. 30.09.18 er NOK 4 049,2 million. Av rentebærende gjeld er 18,4 % USD lån, mens resterende lån er i NOK. Sikret gjeld er klassifisert som langsiktig gjeld, bortsett fra første års avdrag som klassifiseres som kortsiktig gjeld.

Kontakter:

Adm dir Njål Sævik, +47 909 35 722

Finansdir Arne Johan Dale, +47 909 87 706

Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12

Vedlegg

Q318

http://www.netfonds.no/quotes/release.php?id=20181129.GlobeNewswire.GNW1000138376-no

TekBot · desember 12, 2018, 9:24am

12/12-2018 10:23:36: (HAVI) Finansiell kalender

TekBot · desember 19, 2018, 9:59am

19/12-2018 10:57:04: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Extension of contract for the PSV Havila Fortune

TekBot · desember 27, 2018, 12:48pm

27/12-2018 13:46:59: (HAVI) Renteregulering

TenSing_Gundersen · januar 11, 2019, 11:18am

Nevermind Funcom… bilde

TekBot · februar 15, 2019, 1:19pm

15/02-2019 14:18:30: (HAVI) Finansiell kalender

TekBot · februar 28, 2019, 10:10am

28/02-2019 11:10:12: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Q4 2018 accounts /Preliminary 2018 accounts

…

Vis børsmeldingen

Summary
Havila Shipping ASA achieved an operating income before depreciation of NOK 40.5 million in Q4 2018, compared with NOK 7.6 million in Q4 2017.
Total operating income was NOK 157.9 million in Q4 2018, compared with NOK 139.0 million in Q4 2017.
The group had as of 31/12/18 23 vessels operated from Fosnavåg, six for external owners.
The group had three AHTS vessels and one subsea vessel laid up at the end of Q4 2018. Of the three PSVs defined as none core vessels two were sold in March 2018, and one in August 2018.
The fleet utilization Q4 2018 was 82 % exclusive vessels in lay-up.
Result for 4 quarter 2018
. Total operating income amounted to NOK 157.9 million (NOK 139.0 million).
. Total operating expenses were NOK 117.4 million (NOK 131.3 million).
. The operating profit before depreciation was NOK 40.5 million (NOK 7.6 million).
. Depreciation was NOK 95.2 million (NOK 77.9 million).
. Impairment charge of fixed assets was NOK 708.7 million (NOK 0).
. Net financial items were NOK -79.4 million (NOK -73.7 million), whereof unrealized agio loss was NOK -45.6 million (unrealized agio gain NOK 8.8 million).
. The profit before tax was NOK -844.3 million (NOK -143.0 million).
Result 2018
. Total operating income amounted to NOK 605.4 million (NOK 594.8 million).
. Total operating expenses were NOK 457.2 million (NOK 516.5 million).
. The operating profit before depreciation was NOK 148.2 million (NOK 78.4 million).
. Depreciation was NOK 370.5 million (NOK 327.7 million).
. Impairment charge of fixed assets was NOK 708.7 million (NOK 0).
. Net financial items were NOK -210.8 million (NOK 1,007.1 million inclusive redemption of debt to discount of NOK 1,210 million), whereof unrealized agio loss was NOK 46.1 million (unrealized agio gain NOK 74.6 million).
. The profit before tax was NOK -1,149.5 million (NOK 764.9 million).

Balance and liquidity per 31/12/18
The book value of the fleet is NOK 3,196.7 million.
Total current assets amounted to NOK 303.7 million on 31/12/18, whereof bank deposits were NOK 85.8 million (of this NOK 11.0 million restricted). On
31/12/17, total current assets amounted to NOK 545.5 million, whereof bank deposits amounted to NOK 249.2 million (of this NOK 10.7 million restricted).
Net cash flow from operations was in 2018 NOK -35.2 million (NOK -227.1 million). Cash flow from investing activities was NOK -48.7 million (NOK 68.8 million). Conversion of convertible shareholder loans, net issues, repayment of loan and payment of instalments constitute a net change from financing activities of NOK -79.3 million (NOK -150.3 million).
Total interest-bearing debt per 31/12/18 is NOK 4,087.7 million. Of interestbearing debt, 19.2 % is loan in USD, while the remainder is in NOK. Secured debts are classified as long term debt, except from first year instalment is
classified as short term debt.

Fleet
Per today, Havila Shipping ASA operates 23 vessels,
. 14 PSV

Four owned externally

One owned 50% and not consolidated
. 5 AHTS
. 3 Subsea
. 1 RRV (bareboat)
Employees
Havila Shipping ASA had per 31/12/18 a total of 446 employees on the company.s vessels and 34 employees in the administration.

Contacts:

CEO Njål Sævik, +47 909 35 722
CFO Arne Johan Dale, +47 909 87 706

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Attachment

Q418

http://www.netfonds.no/quotes/release.php?id=20190228.GlobeNewswire.GNW1000150249-en

TekBot · mars 1, 2019, 12:24pm

01/03-2019 13:23:19: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Company update

…

Vis børsmeldingen

We refer to the Stock exchange releases of 09.11.2016 and 28.02.2017 containing the Restructuring Term sheet and the description of the implementation of this agreement, respectively.

As stated in the third quarter 2018 report, the market has been weaker than expected and the situation is therefore more challenging than anticipated in the restructuring agreement.

The company assume that the agreed key elements of the restructuring agreement is sufficient to solve the challenges.

An important part of the restructuring agreement was the definition of the fleet into core and non-core vessels. The non-core vessels have been sold.

For the core vessels it was agreed a performance test for the 6 months period between August 2018 and last day of February 2019. Vessels that generate an EBITDA less than 2% of the vessels debt, will fail in this test.

A preliminary calculation of the Core Vessel Performance shows that twelve vessels will fail to comply with the requirement. Vessels that per 28. February 2019 fails the test are:

Havila Neptune, Havila Mars, Havila Mercury, Havila Jupiter and Havila Venus.

Havila Aurora, Havila Borg, Havila Clipper, Havila Commander and Havila Foresight.

Havila Harmony and Havila Subsea.

The company will continue to operate the vessels under existing contracts, in the spot market and offer available vessels for term work.

The company has informed bank lenders Nordic Trustee and invited them to discuss the current situation. The main target is to find a long term, sustainable solutions for the company and its fleet. The company will continue its operations in a safe and secure manner, and these negotiations will not have any impact on clients, employees or suppliers.

The company has appointed Arctic Security as financial advisor and Wikborg Rein as legal advisor.

Contacts:
CEO Njål Sævik, +47 909 35 722
CFO Arne Johan Dale, +47 909 87 706

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

http://www.netfonds.no/quotes/release.php?id=20190301.GlobeNewswire.GNW1000150580-en

TekBot · mars 25, 2019, 1:10pm

25/03-2019 14:09:21: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Company update

TekBot · mars 27, 2019, 12:48pm

27/03-2019 13:47:49: (HAVI) Renteregulering

TekBot · april 3, 2019, 6:25am

03/04-2019 08:24:00: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: One year extension with Total E&P UK for PSV Havila Commander

TekBot · april 16, 2019, 8:29am

16/04-2019 10:29:02: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Kontrakt med Equinor for PSV fartøyet Havila Clipper

TekBot · april 24, 2019, 11:16am

24/04-2019 13:15:10: (HAVI) Finansiell kalender

TekBot · april 29, 2019, 2:22pm

29/04-2019 16:22:38: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: 2018 Annual accounts

TekBot · april 29, 2019, 2:29pm

29/04-2019 16:28:54: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Notice of Annual General Meeting

TekBot · mai 7, 2019, 9:37am

07/05-2019 11:36:43: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Kontrakter med Axxis for PSV fartøyene Havila Aurora og Havila Fortune

TekBot · mai 28, 2020, 12:34pm

Havila Shipping ASA: First quarter 2020 accounts

Summary

The sharp fall in oil price and the Covid-19 virus have reduced the activity in
…

Vis børsmeldingen

the markets where the vessels are operated.
Reduced demand for vessels, will have negative impact on the revenues going
forward.
The weakening of Norwegian Kroner has resulted in a significant unrealized
currency loss related to financing, but increases the income from contracts in
foreign currencies.
The impairment test of vessels has resulted in no impairment in first quarter,
but significant reduction in the excess value compared to book value for most of
the vessels.
The interest rate level has fallen and will result in lower interest expenses
than expected as soon as the debt restructuring has been implemented.

Havila Shipping ASA achieved an operating income before depreciation of NOK
70.5 million in Q1 2020, compared with NOK 34.3 million in Q1 2019.

Total operating income was NOK 208.9 million in Q1 2020, compared with NOK
148.5 million in Q1 2019.

The group had as of 31/03/20 23 vessels operated from Fosnavåg, six for
external owners.

The group had 3 AHTS vessels laid up at the end of Q1 2020.

The fleet utilization Q1 2020 was 79 % exclusive vessels in lay-up.

Result for 1 quarter 2020

Total operating income amounted to NOK 208.9 million (NOK 148.5 million).

Total operating expenses were NOK 138.4 million, whereof MNOK 15.8 is
provision for loss on trade receivables. Ordinary operating expenses amounts
to MNOK 122.6 (NOK 114.3 million).

The operating profit before depreciation was NOK 70.5 million (NOK 34.3
million).

Depreciation was NOK 86.9 million (NOK 79.9 million).

Net financial items were NOK -215.6 million (NOK -45.3 million), whereof
unrealized agio loss was NOK 160.0 million (unrealized agio gain NOK 8.6
million).

The profit before tax was NOK -231.7 million (NOK -91.9 million).

Balance and liquidity per 31/03/20

The book value of the fleet is NOK 2,894 million.

Total current assets amounted to NOK 408.3 million on 31/03/20, whereof bank
deposits were NOK 86.8 million (of this NOK 1.0 million restricted).
On 31/03/19, total current assets amounted to NOK 302.9 million, whereof bank
deposits amounted to NOK 68.1 million (of this NOK 1.0 million restricted).
Net cash flow from operations was in Q1 2020 NOK 9.9 million (NOK 5.0 million).
Cash flow from investing activities was NOK -15.3 million (NOK -14.1 million).
Payment of loan instalments and lease liabilities constitute a net change from
financing activities of NOK -5.6 million (NOK -7.9 million).
Total interest-bearing debt per 31/03/20 is NOK 4, 417.4 million. Of interest-
bearing debt, 20.9 % are loans in USD, while the remaining loans are in NOK. As
of 31/03/20, all secured debt are classified as short term debt.

Fleet

Havila Shipping ASA operates 23 vessels,

14 PSV

Four owned externally

One owned 50% and not consolidated
5 AHTS
3 Subsea
1 RRV (bareboat)

Employees

Havila Shipping ASA had per 31/03/20 463 employees on the company’s vessels and
35 employees in the administration.

Contacts:

CEO Njål Sævik, +47 909 35 722

CFO Arne Johan Dale, +47 909 87 706

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · mai 28, 2020, 12:49pm

Havila Shipping (HAVI)

Havila Shipping ASA: Contract with Equinor UK for the PSV Havila Borg

20/11-2018 08:28:04: (HAVI, HAVI06, HAVI-07, HAVI04, HAVI08-PRO) Havila Shipping ASA: Early redelivery of PSV vessel Havila Clipper

29/11-2018 16:30:00: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Regnskap for tredje kvartal 2018

12/12-2018 10:23:36: (HAVI) Finansiell kalender

19/12-2018 10:57:04: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Extension of contract for the PSV Havila Fortune

27/12-2018 13:46:59: (HAVI) Renteregulering

15/02-2019 14:18:30: (HAVI) Finansiell kalender

28/02-2019 11:10:12: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Q4 2018 accounts /Preliminary 2018 accounts

01/03-2019 13:23:19: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Company update

25/03-2019 14:09:21: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Company update

27/03-2019 13:47:49: (HAVI) Renteregulering

03/04-2019 08:24:00: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: One year extension with Total E&P UK for PSV Havila Commander

16/04-2019 10:29:02: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Kontrakt med Equinor for PSV fartøyet Havila Clipper

24/04-2019 13:15:10: (HAVI) Finansiell kalender

29/04-2019 16:22:38: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: 2018 Annual accounts

29/04-2019 16:28:54: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Notice of Annual General Meeting

07/05-2019 11:36:43: (HAVI, HAVI08-PRO, HAVI06, HAVI-07, HAVI04) Havila Shipping ASA: Kontrakter med Axxis for PSV fartøyene Havila Aurora og Havila Fortune

Havila Shipping ASA: First quarter 2020 accounts

Havila Shipping ASA: Ordinary General Meeting held